Tap to get financing
Commercial Real Estate Loans
Loan Options
Permanent FinancingLoans Under $1MBridge LoansMezzanine FinancingConstruction LoansUSDA 538 Loan ProgramLife Company LoansSBA 7(a) LoansSBA 504 Loan ProgramFannie Mae LoansFreddie Mac LoansCMBS LoansHUD Multifamily LoansFix and Flip LoansHUD 223(f) LoansHUD 221(d)(4) LoansHUD 223(a)(7) LoansHUD 241(a) LoansHUD 232 LoansHUD 232/223(f) LoansHUD 232 LEAN LoansHUD 232/223(a)(7) Loans
Property Types
All Property TypesRetailOfficeIndustrialApartmentsSelf StorageHotelLandChurchSchoolAuto DealershipAuto Repair ShopCar WashGas StationHealthcareMedical OfficeDental OfficeVeterinaryFitness CenterBowling AlleyConvenience StoreDay Care CenterGolf CourseAnchored Strip CenterRestaurantMarinaWarehouseFuneral Home
Resources
BlogCurrent Mortgage RatesForms and TemplatesCommercial Property for SaleCommercial MLS GuideGlossaryVideo LibraryApply OnlineHow to Get a CRE LoanFrequently Asked Questions
Calculators
Commercial Mortgage CalculatorCap Rate CalculatorNOI CalculatorDSCR CalculatorLTV CalculatorLTC CalculatorDebt Yield CalculatorYield Maintenance CalculatorInternal Rate of Return Calculator
About Us
About UsLeadershipTeamContactWe're Hiring
Get financing
Newly Published
Mar 17 at Commercial Real Estate Loans
Top 10 Commercial Real Estate Lenders of 2023
Mar 15 at Commercial Real Estate Loans
Top 4 Refinancing Loans for Industrial Real Estate in 2023
Feb 20 at Commercial Real Estate Loans
How to Set Rent Rates for Your Commercial Property in 2023
Explore the Janover Network
Mar 20 at Multifamily Loans
Multifamily Minute Reader Reflections: How Will Bank Failures Impact Multifamily?
Mar 14 at Multifamily Loans
Multifamily Minute Reader Reflections: How Big Are We Buying?
Feb 27 at Multifamily Loans
Multifamily Minute Reader Reflections: When Do You Start the Refi Process?
Was This Article Helpful?
Last updated on Feb 1, 2023
2 min read

HUD 232/223(a)(7) Loans

HUD 232/223(a)(7) Loans Refinancing Current HUD 232 Loans Loans for Senior Housing, Assisted Living, and Skilled Nursing Projects

Better Financing Starts with More Options Start Your Application and Unlock the Power of Choice. Click Here to Get Quotes →$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1M offered by a Credit Union at 5.1%Click Here to Get Quotes
In this article:
  1. Refinancing HUD 232 Loans for Current HUD Borrowers
  2. HUD 232/223(a)(7) Loan Terms in 2023
  3. Get Financing

Refinancing HUD 232 Loans for Current HUD Borrowers

If you already have a HUD 232 or HUD 232/223(f) loan on a healthcare property, but want to reduce your interest rate, increase the amortization, and/or improve the property's cash flow, a HUD 232/223(a)(7) refinancing loan could be an effective option.

Like other variations of the HUD 223(a)(7) loan, the HUD 232/223(a)(7) loan is one of the easiest HUD multifamily loans to apply for. It requires little in the form of third-party documentation or other time-consuming paperwork. And, like other HUD multifamily loans, HUD 232/223(a)(7) loans are non-recourse, fixed-rate, and fully assumable (with FHA approval). 

At Commercial Real Estate Loans, we're committed to helping developers create and maintain high-quality housing for America's seniors. And, we know that the HUD 232 and 232/223(f) loans are some of the best ways to finance senior developments. That's why we're ready and waiting to help investors and developers through every stage of the HUD 232, HUD 232/223(f), and HUD 232/223(a)(7) application, approval, and closing process.  

Keep reading below to learn more, or simply click here to download our easy-to-read HUD 232/223(a)(7) loan term sheet.

HUD 232/223(a)(7) Loan Terms in 2023

HUD 232/223(a)(7) loan terms include: 

  • Loan purpose: Refinancing HUD 232 and HUD 232/223(f) loans for current borrowers

  • Loan Size: Loans are permitted to up to "100% of the eligible transaction costs," including:

    • Existing debt principal

    • Initial replacement reserves

    • Eligible repairs

    • Third-party reports (only a PNCA, or project capital needs assessment, is typically required)

    • Prepayment penalties

  • Loan Term: May increase up to 12 years, but the new loan cannot have a term longer than the original loan: 40 years for HUD 232 loans or 35 years for HUD 232/223(f) loans

  • DSCR:

    • For-profits: 1.11x minimum DSCR

    • Non-profits: 1.05x minimum DSCR

Commercial Real Estate Loans is the partner you need to help acquire, build, refinance, or repair your next multifamily or commercial real estate project. Whether you're a small startup or an established company, we have the knowledge and experience to give you more financing options.

Get a free quote by filling in the form below.

In this article:
  1. Refinancing HUD 232 Loans for Current HUD Borrowers
  2. HUD 232/223(a)(7) Loan Terms in 2023
  3. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →
Janover logo

Commercial Real Estate Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

Janover Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

hello@commercialrealestate.loans

Commercial Real Estate Loans

Eligible Property Types
Mortgage Rates
Commercial Loan Calculator
Glossary

Site Information

Privacy Policy
Terms of Use

This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

Copyright © 2022 Janover Inc. All rights reserved.